National State Bank - Elizabeth, NJ

Bank Information

Episode Type: Suspension → Closure
Bank Type: national
Bank ID: 1436
Charter Number: 1436
Start Date: January 1, 1873*
Location: Elizabeth, New Jersey (40.664, -74.211)

Metadata

Model: gpt-5-mini
Short Digest: 4844d2e1

Response Measures

None

Description

Article states the bank failed in the panic of 1873. No contemporaneous run described; failure is attributed to the 1873 panic (macro shock). Date only given as 1873. Bank name contains 'National' so classified as national.

Events (2)

1. July 13, 1865 Chartered

Source: historical_nic

2. January 1, 1873* Suspension

Cause: Macro News
Cause Details: Failure attributed to the Panic of 1873 (systemic financial crisis).
Newspaper Excerpt: The bank failed in the panic of 1873
Source: newspapers

Newspaper Articles (1)

1. November 23, 1895 New-York Tribune New York, NY

Article from New-York Tribune, November 23, 1895

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Article Text

AUGUSTUS CLARK KELLOGG. Augustus Clark Kellogg, one of the recent corporators of the Standard Rope and Twine Company, which is a reorganization of the Cordage Trust, died of paralysis of the heart on Thursday night at his home, No. 559 Newark-ave., Elizabeth. Mr. Kellogg was born in Elizabeth on December 18, 1821, and graduated from Princeton College in 1840. He engaged in the mercantile business with his father. and afterward became a member of the Crane, Tubbs & Co. Land Improvement Company. For twenty-five years he was a director of the National State Bank, of Elizabeth. The bank failed in the panic of 1873, and after the reorganization Mr. Kellogg was made cashier, and held that position eight years. In politics Mr. Kellogg was a Republican, but never sought office. He helped to found Westminster Presbyterian Church, the most fashionable of that denomination in Elizabeth, and had been one of its trustees for twenty-eight years. He was unmarried.